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Conclusion

Conclusion

Chapter:

(p.278)
Conclusion

Source:

The Pan-African Nation

Publisher:

University of Chicago Press

DOI:10.7208/chicago/9780226023564.003.0010

Unlike the commodity boom of Victorian England, which was generated by the Industrial Revolution, Nigeria's bonanza was fueled by oil, reversing the historic relationship between spheres of production and circulation. The visual ontology of “seeing is believing” and the signs of development that refashioned the nation represented a virtual productive sphere that was actually a hoax, producing at losses that could never be recouped. And here, in such reversals, lies the origin of the occult economies that have emerged so clearly under neoliberal reform, but were already reflected in FESTAC's mirror of cultural production, when signs became the basis of generating value rather than the media of its accumulation through exchange.

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see http://www.chicago.universitypressscholarship.com/page/privacy-policy).date: 24 May 2018